Report Update Nov 1, 2024

Mexico - Fresh or Chilled Fish Fillets - Market Analysis, Forecast, Size, Trends and Insights

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Mexico: Fresh Fish Fillet Market 2024

Fresh Fish Fillet Market Size in Mexico

The Mexican fresh fish fillet market rose remarkably to $X in 2021, surging by 5.8% against the previous year. In general, consumption saw a slight shrinkage. Fresh fish fillet consumption peaked at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Fresh Fish Fillet Production in Mexico

In value terms, fresh fish fillet production expanded markedly to $X in 2021 estimated in export price. In general, production recorded a deep reduction. The growth pace was the most rapid in 2018 with an increase of 61% against the previous year. Fresh fish fillet production peaked at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Fresh Fish Fillet Exports

Exports from Mexico

Fresh fish fillet exports from Mexico contracted dramatically to X tons in 2021, which is down by -41.1% compared with 2020. In general, exports recorded a slight downturn. The most prominent rate of growth was recorded in 2018 with an increase of 1,667%. Over the period under review, the exports attained the peak figure at X tons in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

In value terms, fresh fish fillet exports skyrocketed to $X in 2021. Over the period under review, exports, however, posted a noticeable increase. The pace of growth was the most pronounced in 2018 with an increase of 2,781% against the previous year. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

Exports by Country

The United States (X tons) was the main destination for fresh fish fillet exports from Mexico, accounting for a approx. 99.9% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States was relatively modest.

In value terms, the United States ($X) also remains the key foreign market for fresh or chilled fish fillets exports from Mexico.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States stood at +3.6%.

Export Prices by Country

The average fresh fish fillet export price stood at $X per ton in 2021, with an increase of 99% against the previous year. Overall, the export price saw pronounced growth. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

As there is only one major export destination, the average price level is determined by prices for the United States.

From 2012 to 2021, the rate of growth in terms of prices for the United States amounted to +4.6% per year.

Fresh Fish Fillet Imports

Imports into Mexico

In 2021, purchases abroad of fresh or chilled fish fillets decreased by 0% to X tons for the first time since 2017, thus ending a three-year declining trend. Overall, imports posted a remarkable increase. The pace of growth was the most pronounced in 2013 when imports increased by 68%. Over the period under review, imports attained the peak figure at X tons in 2017; however, from 2018 to 2021, imports remained at a lower figure.

In value terms, fresh fish fillet imports totaled $X in 2021. In general, imports showed a buoyant increase. The growth pace was the most rapid in 2013 with an increase of 145% against the previous year. Imports peaked in 2021 and are expected to retain growth in years to come.

Imports by Country

In 2021, Chile (X tons) was the main fresh fish fillet supplier to Mexico, with a approx. 100% share of total imports.

From 2012 to 2021, the average annual growth rate of volume from Chile stood at +11.2%.

In value terms, Chile ($X) constituted the largest supplier of fresh or chilled fish fillets to Mexico.

From 2012 to 2021, the average annual growth rate of value from Chile amounted to +16.6%.

Import Prices by Country

In 2021, the average fresh fish fillet import price amounted to $X per ton, almost unchanged from the previous year. Over the period under review, the import price showed a prominent expansion. The most prominent rate of growth was recorded in 2013 when the average import price increased by 46% against the previous year. The import price peaked in 2021 and is expected to retain growth in the near future.

As there is only one major supplying country, the average price level is determined by prices for Chile.

From 2012 to 2021, the rate of growth in terms of prices for Chile amounted to +4.9% per year.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for fresh or chilled fish fillets in the world?

China remains the largest fresh fish fillet consuming country worldwide, accounting for 18% of total volume. Moreover, fresh fish fillet consumption in China exceeded the figures recorded by the second-largest consumer, the United States, twofold. The third position in this ranking was occupied by India, with a 7.1% share.

What are the largest producers of fresh or chilled fish fillets in the world?

The country with the largest volume of fresh fish fillet production was China, accounting for 18% of total volume. Moreover, fresh fish fillet production in China exceeded the figures recorded by the second-largest producer, India, twofold. The third position in this ranking was occupied by Chile, with a 5.8% share.

What are the leading suppliers of fresh or chilled fish fillets to Mexico?

In value terms, Chile constituted the largest supplier of fresh fish fillet to Mexico, comprising 94% of total imports. The second position in the ranking was occupied by the United States, with a 1.6% share of total imports.

What are the leading importers of fresh or chilled fish fillets from Mexico?

In value terms, the United States remains the key foreign market for fresh fish fillet exports from Mexico.

What is the average export price for fresh or chilled fish fillets in Mexico?

The average fresh fish fillet export price stood at $9,830 per ton in 2020, reducing by -13% against the previous year.

What is the average import price for fresh or chilled fish fillets in Mexico?

In 2020, the average fresh fish fillet import price amounted to $8,827 per ton, waning by -12.9% against the previous year.

This report provides an in-depth analysis of the fresh fish fillet market in Mexico. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 10201100 - Fresh or chilled fish fillets and other fish meat without bones

Country coverage:

Mexico

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Mexico
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023